Art Market Blog with Nic Forrest

Sotheby’s and eBay Announce Art Auction Partnership – artmarketblog.com In a surprising move that evokes memories of their past failed partnership, Sotheby’s has announced a partnership with with eBay to make art and collectibles from Sotheby’s live auctions available to eBay’s 145 million active buyers. The two companies have joined forces to develop what they [...]

Google Launches Street Art Project, Sotheby’s Honours Banksy – artmarketblog.com Despite the predictions of certain art world identities that street art was nothing more than a fad, it hasn’t gone away. In fact the market for street art has only strengthened in recent years with prices continuing to rise in conjunction with the increased recognition [...]

Sotheby’s Smash Warhol Auction Record with “Silver Car Crash” – artmarketblog.com Sotheby’s has continued this week’s incredible run of contemporary art auctions with their November 13 Contemporary Evening sale which produced a new world auction record for Andy Warhol of US$105,445,000 and the highest total of any auction in the Company’s history. The highlight of [...]

Sotheby’s London Confirm Private Sales Gallery – artmarketblog.com The Art Market Blog has obtained confirmation that Sotheby’s London will be taking a space at 31 st George Street in London that will be dedicated to hosting private selling exhibitions. In the Autumn of 2011, Sotheby’s New York launched a newly-constructed gallery space within their York [...]

Sotheby’s to Help TEFAF Launch China Art Fair – artmarketblog.com How does a global art fair infiltrate a notoriously insular art market without appearing to tread on the toes of local businesses? Develop an initiative with a business that has already developed a presence in China, that’s how. World renowned art fair TEFAF have just [...]

Eric Clapton’s Gerhard Richter Sets Auction Record for Living Artist – artmarketblog.com A painting by Gerhard Richter from the collection of Eric Clapton has been sold for 21,321,250 GBP ($34.19 million) at auction in London setting a new auction record for a work by a living artist. Acquired by Clapton from Sotheby’s New York Contemporary [...]

Royalty and Celebrity Send Art Prices Sky High – artmarketblog.com Two very different examples of the influence that an association with a celebrity or a person of influence can have on the price of a work of art was apparent at two auctions held in recent weeks. The first was the sale of a painting [...]

Sotheby’s Partner with GeHua for Assault on Mainland China – artmarketblog.com Sotheby’s have strengthened their presence in mainland China by entering into a 10-year equity joint venture agreement with Beijing GeHua Art Company, a Chinese State-Owned Enterprise that is part of GeHua Cultural and Development Group.If the joint venture is approved by the Chinese governemnt, [...]

Olympic Sized Results for London Contemporary Art Auctions – artmarketblog.com The London round of contemporary art sales produced some fantastic results that suggest a strong market. Sotheby’s, Christie’s and Phillips de Pury all had great works on offer although most were by the same big names that appear in most major contemporary art sales. Still, [...]

The Coming Out of Private Art Sales – artmarketblog.com As I am writing this post I receive an email from Bonhams with the headline “BONHAMS OFFERS UNIQUE 17th CENTURY “MUGHAL MIRROR DIAMOND” NECKLACE FOR PRIVATE SALE – NECKLACE HAS ASKING PRICE OF US $20 MILLION”. According to the email “One of the most important and [...]